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Abu Dhabi Islamic Bank mulls 25 percent foreign ownership
Currently, foreigners cannot hold shares in the lender.
February 9, 2010 12:01 by kippreport
Abu Dhabi Islamic Bank (ADIB) said on Tuesday that its board is planning to a proposal to allow non-UAE nationals to own up to 25 percent of the bank’s shares. Currently, foreigners cannot hold shares in the lender.
ADIB’s board will meet on February 14 to discuss this proposal and also consider a plan to buy back its shares, the bank said a statement posted on the Abu Dhabi exchange’s website.